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7. Scaling startups: shoot for the stars, but build your rocket first
Manage episode 447273518 series 3608014
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"Scaling startups: shoot for the stars, but build your rocket first" uses the analogy of building a rocket to demonstrate the importance of understanding and mastering business fundamentals for startup success. We draws parallels between Francis Bacon's inductive reasoning and the evolution of naval engineering to highlight the importance of observation and experimentation in understanding underlying forces. We further uses the examples of Uber and Airbnb to emphasize that replicating a concept without understanding the core driving forces behind its success will not lead to sustainable growth. Just as space travel required an understanding of astrodynamics, the author argues that startups need to grasp the six stages of business growth described by the Greiner Curve in order to avoid potential pitfalls and ensure successful scaling.
References:
- https://medium.com/@alexandra.najdanovic/scaling-startups-shoot-for-the-stars-but-build-your-rocket-first-1221afe16580
- https://medium.com/@alexandra.najdanovic/scaling-startups-shoot-for-the-stars-but-build-your-rocket-first-1221afe16580
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